GVP Infotech Limited — Others, 02-07-2025: Action(s) taken or orders passed

GVP Infotech Ltd. has announced a board meeting on the financial results for the quarter and half-year. The company has amicably settled arbitration proceedings against Minosha India Limited. The original receivable of ₹110.02 Cr has been reduced to ₹20 Cr as per the settlement. This will result in a one-time charge of ₹90.02 Cr to the profit and loss account, significantly impacting the company’s financial position. Two out of five arbitration proceedings are concluded, with three pending withdrawal. This settlement improves clarity on doubtful receivables and reflects prudent financial management.